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Jan 10, 2013
01/13
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is that gone with steve jobs? >> well, what steve wozniak beliefs, when steve jobs passed a lot of people that created innovation with apple left the company and, but they were there to be with jobs. so the end result, what's left isn't capable of innovating like jobs innovated. the other issue though is recognize that porsche, doesn't compete with market share with volkswagen. they're different models. premium brand compete for margin, not for volume. so as apple looks at samsung, says oh, my god they're taking market share, that is exactly wrong. that is the wrong battle. melissa: if they're looking at margin they're doing exactly the wrong thing all across the board because having cheaper iphone reminds me of the ipad mini. >> breaks the margin. melissa: get people buying mini, smaller, easier cheaper. then you don't go out and buy an ipad. they're cannibalizing their own market. >> exactly right. they're chasing samsung instead of forcing samsung to chase them. that is how samsung beat sony. they forced sony t
is that gone with steve jobs? >> well, what steve wozniak beliefs, when steve jobs passed a lot of people that created innovation with apple left the company and, but they were there to be with jobs. so the end result, what's left isn't capable of innovating like jobs innovated. the other issue though is recognize that porsche, doesn't compete with market share with volkswagen. they're different models. premium brand compete for margin, not for volume. so as apple looks at samsung, says...
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for years you worked with steve jobs and company to really encompass that at at&t. what did you learn from that experience you believe will make you more successful with digital life? >> anytime you have a phenomenal partner like apple has been to us you have to learn from that partner. what we have learned is we have to go out and be innovative all the time. we have to look at how we create customer expense that has been flawless and simple for a customer and that was the goal here, how to make of this seems complex, wearing your whole house, allowing you to control these things. our goal was to make it simple. when people see what they can do and see how easy it is to set up and use, they will be blown away by it. liz: you can unlock the door from your desk at home. thank you very much. glenn lurie of at&t. when we come back, first on fox business interview, huge in automotive audio and so much more. plus, tim baxter, first on fox business, wait until you see it, the 84-inch ultra high-definition tv. don't even ask. we will be right back from the consumer electron
for years you worked with steve jobs and company to really encompass that at at&t. what did you learn from that experience you believe will make you more successful with digital life? >> anytime you have a phenomenal partner like apple has been to us you have to learn from that partner. what we have learned is we have to go out and be innovative all the time. we have to look at how we create customer expense that has been flawless and simple for a customer and that was the goal here,...
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stuart: do you think that, steve, really? >> you know, i do. i actually think that one of the things that john boehner told me when he had those negotiations with the president was, at the beginning. negotiations, the president did realize, look, we can't go forward, now this, stuart. i think most rational americans know, we can't forward with the highest corporate tax rate in the world, it doesn't work. the personal tax rates, small businesses pay, too high as well. i think there's a sliver of a chance that we could get tax reform. stuart: i am shocked. >> gets rid of the loopholes-- >> i'm shocked. >> maybe you think i'm polly ann-ish. >> i don't see how january the 1st we raise the rates and march the 1st we lower them again. >> you may be right. the loopholes, look what we did on the last tax bill. the junk that we put in the tax system. algae subsidies, wind subsidies, and nascar-- i've heard you talking about this. a lot of money you could save by getting rid of those loopholes. stuart: steve, let me end it like this, congratulations, you
stuart: do you think that, steve, really? >> you know, i do. i actually think that one of the things that john boehner told me when he had those negotiations with the president was, at the beginning. negotiations, the president did realize, look, we can't go forward, now this, stuart. i think most rational americans know, we can't forward with the highest corporate tax rate in the world, it doesn't work. the personal tax rates, small businesses pay, too high as well. i think there's a...
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smartphone that revolutionized the cell phone industry is celebrating its sixth birthday. iphone unveiled by steve jobs six years ago today. that is the speed read with time to spare, ash. ashley: wow! that was so smooth. look at you. [buzzer] with style. very good. lori: thank you. ashley: all right a few years ago at ces liz put corning's gorilla glass to the test and went kung fu on it. and it survived anyway. liz gets to look at corning's latest technology and she might even test a few things. we'll be right back. ♪ . look, if you have copd like me, you know it can be hard to breathe, and how that feels. copd includes chronic bronchitis and emphysema. spiriva helps control my copd symptoms by keeping my airways open for 24 hours. plus, it reduces copd flare-ups. spiriva is the only once-daily inhaled copd maintenance treatment that does both. spiriva handihaler tiotropium bromide inhalation powder does not replace fast-acting inhalers for sudden symptoms. tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. these may worsen with spiriva. discuss
smartphone that revolutionized the cell phone industry is celebrating its sixth birthday. iphone unveiled by steve jobs six years ago today. that is the speed read with time to spare, ash. ashley: wow! that was so smooth. look at you. [buzzer] with style. very good. lori: thank you. ashley: all right a few years ago at ces liz put corning's gorilla glass to the test and went kung fu on it. and it survived anyway. liz gets to look at corning's latest technology and she might even test a few...
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Jan 14, 2013
01/13
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nonetheless, steve win has put a lot of resources into mack could you macou. things are getting better over there. i think wynn's a buy. then there's companies like boeing. getting terrible press. all of these companies that expanded rapidly around the globe and they have been roaring despite no research-oriented news that would make you feel all warm and fuzzy about the numbers. you can consider dell part of this number. yes, dell, the big service company that has been hurt by this rapid expansion at a time when no one trusted overseas markets. now dell might actually go private ♪ hallelujah and it would make sense because half of dell's money comes from overseas. exposures to europe is doing terrific clee. both have been kept back by worries. both ceos have said over and over, it's an issue. how about ford and general motors? have you seen these two? ford made the best chart in a book. it's screaming. company doubled its dividend and getting european losses under control while china and latin america turned the corner. the darn stock has never looked back.
nonetheless, steve win has put a lot of resources into mack could you macou. things are getting better over there. i think wynn's a buy. then there's companies like boeing. getting terrible press. all of these companies that expanded rapidly around the globe and they have been roaring despite no research-oriented news that would make you feel all warm and fuzzy about the numbers. you can consider dell part of this number. yes, dell, the big service company that has been hurt by this rapid...
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Jan 7, 2013
01/13
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tim or steve? >> i love amazon, so, i'm sorry, i just have to, you know -- >> but why do you love it? >> okay, there's four reasons, okay? one, jeff running the company. number two, they've created the best virtual real estate in the world. all these other retailers effectively showrooms for them. number three, a great transition right now, from a lot of their products that are dying in the space, like books, to the digital space. >> right. >> and they're going to go into the bagadgets and holding their own in the cloud and i think long-term these guys are going to crush it. >> i'm glad you mentioned amazon web services. that's a huge driver of growth. smart part right now -- >> there are analysts they say, they can't compete against ibm, oracle, but they have been. and this guy is a visionary. he's steve jobs of the next ten years. >> 580 times earnings. >> all right. >> i understand that. >> good fight here. and it continues here. >> mow monmentum play. >> coming up next, at&t mobility ceo wakes
tim or steve? >> i love amazon, so, i'm sorry, i just have to, you know -- >> but why do you love it? >> okay, there's four reasons, okay? one, jeff running the company. number two, they've created the best virtual real estate in the world. all these other retailers effectively showrooms for them. number three, a great transition right now, from a lot of their products that are dying in the space, like books, to the digital space. >> right. >> and they're going to...
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Jan 7, 2013
01/13
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. > is this the post-steve jobs era that we are now into, where apple just becomes another tech company? > > i think so. unless we get huge news on an apple tv, and that is not going to come out until the end of next year, i think apple is going to head one way, and that is south. as we have seen, the market has been very, very strong last week. apple sold off. it's gone down another $15 on friday. they report earnings january 23rd. i think they could have another huge miss. apple has now been missing on earnings. we have a supply chain issue. we have a lot of issues going forward. they have a lot of cash. go acquire something. buy a twitter for $15 billion, $14 billion. get stockholders interested again. until then, i'm playing it to the short side. > i guess you'll be taking that apple tattoo off your shoulder. let me ask you about alcoa. earnings season about to launch this week. how are you looking at that one? > > it is trading strong. in lot of these stocks have been trading strong. it is trading above the 50-, 150-, and 200- day moving averages. it is trading around $9.22. i am g
. > is this the post-steve jobs era that we are now into, where apple just becomes another tech company? > > i think so. unless we get huge news on an apple tv, and that is not going to come out until the end of next year, i think apple is going to head one way, and that is south. as we have seen, the market has been very, very strong last week. apple sold off. it's gone down another $15 on friday. they report earnings january 23rd. i think they could have another huge miss. apple has...
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Jan 8, 2013
01/13
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steve grasso, director of institutional sales joining us. grasso, it's good to be in your house today. >> nice to have you guys in. >> financials have ripped. last year. and they've started out the year pretty well. what are you looking for? >> wells fargo kicks it off. if you look at it on a price range, it's really cut in between here. 34 is your support, resistance 36 1/2ish. for me i'd rather wait and see approach here. they're looking to get into more private wealth asset management. if that's the case, why not go with a frc or first republic, stay with a goldman sachs. >> let me get your take on alcoa. pete said you might as well flush the earnings report down the toilet, that it means nothing. those were his exact word. >> exact words! >> is he right? >> i agree. not only did alcoa get rid of smelting plants but pete had two that he wasn't using at all. if you look at alcoa, since around may 1st, they've been playing around with the same $2. it looks like an $8, $10 swing. you can make money but it's tradeable, not investable. >> as a
steve grasso, director of institutional sales joining us. grasso, it's good to be in your house today. >> nice to have you guys in. >> financials have ripped. last year. and they've started out the year pretty well. what are you looking for? >> wells fargo kicks it off. if you look at it on a price range, it's really cut in between here. 34 is your support, resistance 36 1/2ish. for me i'd rather wait and see approach here. they're looking to get into more private wealth asset...
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Jan 8, 2013
01/13
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thank you, steve. it's 7:56. the search for victims of two serial killers in san joaquin county has taken a new turn. what the fbi is doing after getting new information. >> reporter: later this morning, coast guard investigators will be sitting down to interview the pilot at the controls of an oil tanker that struck the bay bridge yesterday. the scrutiny he's facing and what we've learning about his past. >> reporter: and we're live in antioch after a store clerk is beat up after an attempted robbery. we'll tell you what they were looking for when "mornings on 2" continues. [ male announcer ] subway has so many heart-healthy and delicious meals certified by the american heart association. look for the heart check on your favorite subway fresh fit meals, from the tempting turkey breast & black forest ham with spinach to the protein-rich roast beef, and more. all five grams of fat or less. try 'em with juicy, ripe tomatoes, cool cucumbers or crisp green peppers. start your new year right with a heart-healthy meal
thank you, steve. it's 7:56. the search for victims of two serial killers in san joaquin county has taken a new turn. what the fbi is doing after getting new information. >> reporter: later this morning, coast guard investigators will be sitting down to interview the pilot at the controls of an oil tanker that struck the bay bridge yesterday. the scrutiny he's facing and what we've learning about his past. >> reporter: and we're live in antioch after a store clerk is beat up after...
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Jan 11, 2013
01/13
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if you've been watching the show, you've heard steve making big bets on macy's. let's take a listen. >> they've got momentum. stocks have been frozen time between 37 and 40. i think we'll see it break out at this point, very attractive at about 11 times earnings. i think this is one you have to own. you can put it away. i stuck with it. sales for the season. i think this is one of the highest quality retailers out there. i would still buy it. >> macy's is down 9% since that call. what's the problem with macy's? you love it so much, what's going on with the stock? >> i loved it at ten times, 11 times, i'm really, really loving it now. and less than ten times. falling all over this thing. >> is there a problem? >> perception is the problem. they came out, reported sales for last month. they were much better than the street had been looking for. it is sort after buzz el to me but we've seen retail, the whole space, flows come out of the space. i think that will reverse. so i still like it. i stick with it and i will probably buy more. >> anybody like macy's as well?
if you've been watching the show, you've heard steve making big bets on macy's. let's take a listen. >> they've got momentum. stocks have been frozen time between 37 and 40. i think we'll see it break out at this point, very attractive at about 11 times earnings. i think this is one you have to own. you can put it away. i stuck with it. sales for the season. i think this is one of the highest quality retailers out there. i would still buy it. >> macy's is down 9% since that call....
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Jan 14, 2013
01/13
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hitting a debt ceiling by february 15th, steve liesman joining us now. steve? >> melissa, thanks. most of them are off the table, a weekend of debt ceiling trash talking between republicans and the white house over the coming brawl over the debt ceiling. administration officials in a series of statements and discussions saying that all the cool, clever and quirky ideas that people have been talking about to avoid the debt ceiling are off the table. the administration in one form or another over the past several weeks has rejected the platinum coin idea. that was on saturday. scrips or ious issued by the government. and asset sales, which is another thing that's been making the rounds. jay carney on saturday saying there are only two options for putting the nation into default. others say the ideas put off the debt ceiling problem, or make the country look like a banana republic. some house republicans are seriously considering putting the nation into default. po lit ohco in a story this morning said default is becoming more widespread and getting more serious traction than people
hitting a debt ceiling by february 15th, steve liesman joining us now. steve? >> melissa, thanks. most of them are off the table, a weekend of debt ceiling trash talking between republicans and the white house over the coming brawl over the debt ceiling. administration officials in a series of statements and discussions saying that all the cool, clever and quirky ideas that people have been talking about to avoid the debt ceiling are off the table. the administration in one form or...
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Jan 8, 2013
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>> tim cook, according to the interview, with steve jobs, not a product guy. but there are product guys there. this was not a one-man company. >> no, it wasn't. >> henry ford was not the only person at ford. but ford did change rather dramatically. is that the right analog? i struggle on apple every day, because the data points are not so great. >> they're not. as a consumer, who uses apple products, we want to love the stock, but that's not necessarily the case. >> i love the ecosystem so much. i was downloading this apple ecosystem from itunes. but it's not a rain forest, and we're not out there trying to preserve it. taking shots at them. >> i'm looking at the european banks. the basel requirements we were talking about being extended for four years or so. liquidity requirements being loosened. the european banks are doing well for the second straight day. deutsche bank seeing the biggest gain, another 1.5% in today's session. they're well capitalized at this point. >> even during the height of the crisis, the bankers at various places, you say, where would
>> tim cook, according to the interview, with steve jobs, not a product guy. but there are product guys there. this was not a one-man company. >> no, it wasn't. >> henry ford was not the only person at ford. but ford did change rather dramatically. is that the right analog? i struggle on apple every day, because the data points are not so great. >> they're not. as a consumer, who uses apple products, we want to love the stock, but that's not necessarily the case....
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Jan 11, 2013
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steve, good morning. >> thanks, carl. first of all, just to what you were talking about earlier, we understand geithner's going to hang out until january 25th in the treasury, giving jack lew to confirm and i guess perfect his signature. let's see what we've learned, what does he leave for jack lew. he got the stress test done. actually, that's not correct there. let's move away from that. what we're talking about here is the -- let me go to my notes. the stimulus was done -- but sustained growth was not. frank dod basel iii was not done. aig also done. what is the geithner model? what is the geithner doctrine? i think you can say like this, overwhelming government force when it's clear it's needed. b in a crisis, spend, regulate and guarantee and do it with conviction. let's talk about one of the things left over from the geithner years, which is going to be the issue of debt and deficit. i think you would say there was some accomplishment when it came to getting some of these deals in place. but ultimately, he probably
steve, good morning. >> thanks, carl. first of all, just to what you were talking about earlier, we understand geithner's going to hang out until january 25th in the treasury, giving jack lew to confirm and i guess perfect his signature. let's see what we've learned, what does he leave for jack lew. he got the stress test done. actually, that's not correct there. let's move away from that. what we're talking about here is the -- let me go to my notes. the stimulus was done -- but...
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Jan 8, 2013
01/13
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steve what are you watching? >> first i'm watching this increase we've had in the ten-year yield which has gone up as you know, 10, 15 basis points over the past several weeks. >> 1.9%. >> right, right. but we haven't seen it really in the 30-year mortgage. so i thought i would draw on, you know, rick's expertise and our expertise from our co-host this morning to try to get an idea for the direction. just want to show you some charts here. first thing is you'll see the 30-year rate remaining pretty much flat. and of course the federal reserve is going to come along and buy a whole bunch of mortgages this year. and still buy treasuries as well. what you see is the spread, i guess that's the mortgage application number that was going to be the second one showing its decline. you could see it down despite rates being low. and there's the one. there's the yields going up on the ten-year, and there's the mortgage rate being flat, so the question for individuals out there, is this the time to get in before the 30-year
steve what are you watching? >> first i'm watching this increase we've had in the ten-year yield which has gone up as you know, 10, 15 basis points over the past several weeks. >> 1.9%. >> right, right. but we haven't seen it really in the 30-year mortgage. so i thought i would draw on, you know, rick's expertise and our expertise from our co-host this morning to try to get an idea for the direction. just want to show you some charts here. first thing is you'll see the 30-year...
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Jan 7, 2013
01/13
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joining us for the first half of the program today, steve carroll. good morning to you. we can see investors like this. what are the ramifications as far as you're concerned? >> well, first of all, thank you for having me on the show. i think we should be -- as we've seen, the markets are going to see the point of view of the banks themselves. as one of the constraints on the ability of banks to extend credit and support the economy is relaxed. i think everything is equal. that should support the economy and the growth outlook going into 2013 and 2014. having said that, we don't see this as being the biggest issue and certainly in continental europe and perhaps particularly in the periphery where the growth outlook has been most negative over the last few months and quarters, it probably hasn't been the biggest constraint. so we don't really see it as a game changer either in credit creation or in growth or the prospects. >> it's been suggested we should ripped up basel and start again. do you have any comments on that? >> andy's conversation is one that resinates with t
joining us for the first half of the program today, steve carroll. good morning to you. we can see investors like this. what are the ramifications as far as you're concerned? >> well, first of all, thank you for having me on the show. i think we should be -- as we've seen, the markets are going to see the point of view of the banks themselves. as one of the constraints on the ability of banks to extend credit and support the economy is relaxed. i think everything is equal. that should...
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Jan 11, 2013
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>> sounds tempting, steve. thanks so much. >> i'm glad there are others. >> me, too. >>> we're going to turn to the royal portrait. kate's first unveiled in london. this is the portrait that millions will see for years to come. is it a success? you're going to be the judge right now. and abc's lama hasan has the story. >> reporter: this morning, the moment of truth. william and kate entering london's national portrait gallery, anxiously awaiting for the unveiling of the duchess' first official portrait. it took 3 1/2 months to create. would the painting do the duchess justice? take a look for yourself. kate sat twice for the portrait. once in may and again in june. painter paul emsley says he wanted to capture her natural beauty. and he thought he was originally going to paint her without a smile. after meeting her, he changed his mind. >> i think actually that it was the right choice in the end to have her smiling because it does -- that's really who she is, i think. >> reporter: he also took liberties with he
>> sounds tempting, steve. thanks so much. >> i'm glad there are others. >> me, too. >>> we're going to turn to the royal portrait. kate's first unveiled in london. this is the portrait that millions will see for years to come. is it a success? you're going to be the judge right now. and abc's lama hasan has the story. >> reporter: this morning, the moment of truth. william and kate entering london's national portrait gallery, anxiously awaiting for the...
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Jan 9, 2013
01/13
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steve jobs, he's one of his initial advisers. i believe he's doing a lot of work behind the scenes, powering facebook, powering ge. facebook and twitter are going to announce a tie-in next week. sales force is tied in with everybody. the last quarter was remarkable. he gave you a primer. he's money. benioff is money. you keep demanding these kinds of things, he's going to give it to you. i took a couple of years of classes of accounting, the s.e.c. is looking to him to figure out how to do this software accounting. i sure hope that -- i wish hewlett-packard had used him. because they never would have bought autonomy, if they had listened to him and looked at benioff's accounting. >> no one knows exactly what it is, this invitation to members of the media yesterday afternoon, for an event at the headquarters in menlo park next tuesday. the only clue facebook is giving are the words, come and see what we're building. that brings us to this morning's squawk on the tweet. question, what could facebook possibly be building? tweet us.
steve jobs, he's one of his initial advisers. i believe he's doing a lot of work behind the scenes, powering facebook, powering ge. facebook and twitter are going to announce a tie-in next week. sales force is tied in with everybody. the last quarter was remarkable. he gave you a primer. he's money. benioff is money. you keep demanding these kinds of things, he's going to give it to you. i took a couple of years of classes of accounting, the s.e.c. is looking to him to figure out how to do this...
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Jan 11, 2013
01/13
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steve osunsami has more. good morning. >> reporter: wildlife officials tell us the problem just isn't in the everglades. they found these snakes in parks, in people's homes. and they're hoping this hunt will help. florida authorities are desperate to get rid of these snakes, calling this a snake hunting mission. no experience necessary. no licensed needed. just a gun or a knife. by some estimates, nearly 150,000 pythons are living in the everglades alone. but the snakes haven't stopped there. >> they're starting to come back into civilization, looking for easy food, our pets. that's what they're feeding on. cats, small dogs. >> reporter: state wrangler scott mullen says families are finding them in parks, high grass and even backyards. and he's been busy making house calls. >> when people call about a python, it's a different sound on the phone. you can hear it in their voice. they're very excited. very nervous. >> reporter: pythons are native to southeast asia. but experts think that residents who couldn't h
steve osunsami has more. good morning. >> reporter: wildlife officials tell us the problem just isn't in the everglades. they found these snakes in parks, in people's homes. and they're hoping this hunt will help. florida authorities are desperate to get rid of these snakes, calling this a snake hunting mission. no experience necessary. no licensed needed. just a gun or a knife. by some estimates, nearly 150,000 pythons are living in the everglades alone. but the snakes haven't stopped...
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Jan 14, 2013
01/13
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let's -- thank you. >> thank you, steve. >> theme song? >> all the things that he writes. >> and star wars. >> also in our headlines this morning, apple reportedly cutting its component orders for the iphone 5 because of some weaker than expected demand. sources tell "the wall street journal" that apple's orders for screens for the first three months of the year have dropped to roughly half of what it had previously planned to order. apple is said to have notified of the suppliers of that order cut last month. shares of apple actually dipped below $500 a share earlier this morning. you can see right now they're resting right at 502.95. that is a drop of about 3 1/3%. plus we're a day away from the mystery announcement coming out of facebook. that stock has risen over 30 for the first time since july. fortunately we have somebody who can talk about all these tech stories with us. henry blodget, the ceo and editor in chief of business insider. he's our guest co-host. thank you for being here. >> thank you for having me. >> let's jump on this
let's -- thank you. >> thank you, steve. >> theme song? >> all the things that he writes. >> and star wars. >> also in our headlines this morning, apple reportedly cutting its component orders for the iphone 5 because of some weaker than expected demand. sources tell "the wall street journal" that apple's orders for screens for the first three months of the year have dropped to roughly half of what it had previously planned to order. apple is said to have...
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Jan 7, 2013
01/13
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steve, i think you're going to get like you want but you may not like the markets areaction. >> look. rick are you on board with this idea that the end of the world trade is at least a little bit stepped back in but not something at the forefront of the markets -- the decline in the vix? >> no. >> okay. >> no. i think that the vix is nothing but option volatility and i think since everybody's naturally comfortable long because we are dead. you said we worry about being dead, we are dead. we are zombies. so the natural course is that we're long stocks because of all the programs to boost stocks. so then why do zombies need to buy life insurance? they only need to do it when there's a lot of quorums in a row in congress. so you see that the people that buy the puts, which is the only insurance and it's not a leading indicator, certainly a lagging indicator but the vicks ends up with this grand crown of being a prophet, it isn't. they will start to buy the puts whenever they see jeopardy in ongoing fed programs or jeopardy with regard to what congress may or may do. i think that will pro
steve, i think you're going to get like you want but you may not like the markets areaction. >> look. rick are you on board with this idea that the end of the world trade is at least a little bit stepped back in but not something at the forefront of the markets -- the decline in the vix? >> no. >> okay. >> no. i think that the vix is nothing but option volatility and i think since everybody's naturally comfortable long because we are dead. you said we worry about being...